CHEYENNE WNE) — U.S. Sens. John Barrasso and Cynthia Lummis, both R-Wyo., have joined U.S. Sen. Rick Scott, R-Fla., in reintroducing the Debt Cancellation Accountability Act.
A news …
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CHEYENNE WNE) — U.S. Sens. John Barrasso and Cynthia Lummis, both R-Wyo., have joined U.S. Sen. Rick Scott, R-Fla., in reintroducing the Debt Cancellation Accountability Act.
A news release from Barrasso’s office stated: “This legislation would prevent the Biden administration from enacting an overreaching and irresponsible blanket cancellation of student loans. It requires the U.S. Department of Education to obtain an express appropriation from Congress to pay for any federal student loan debts the Department proposes to waive, discharge, or otherwise reduce whenever granted to two or more borrowers in an amount greater than $1,000,000, rather than on a case-by-case basis.”
Barrasso said in the release, “President Biden’s attempt to cancel millions of dollars in student loans undercuts hard-working Americans who are responsibly paying off their debt. ... Our bill will hold the administration accountable and make sure no taxpayer in Wyoming or across the country is stuck paying off someone else’s student loans.”